163 Elm StStoningtonCT06378
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 163 Elm St, Stonington, CT, 06378 in Stonington at $575,000 earns $3,960/mo in rent and nets $53/mo after the $2,586/mo payment, a 8.26% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $158,862 over five years. Ziffy Mortgage underwrites this on a 1.53 DSCR without U.S. credit history. With $5,296/yr in principal paydown, total projected return reaches $222,967.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 5.5% |
| Monthly Cash Flow | $53 | $1,500 |
City averages based on Stonington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,960 |
| Total Monthly Debt Service | $3,678 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 1940
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 06378, Stonington, CT area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,100 (100%) |
| Owner Occupied HU | 2,023 (65.3%) |
| Renter Occupied HU | 510 (16.5%) |
| Vacant Housing Units | 567 (18.3%) |
| Median Home Value | $644,531 |
| Average Home Value | $705,774 |
Housing Distribution
Address Breakdown
Residential
2,718
Single Family
2,657
Multi-Family
61
Businesses
329
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GREG BROADBENT TEAM • RE/MAX Coast and Country
Mls Name: Smart MLS
Mls Provider:
Mls ID: #24090140
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.